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Archive: 11 February 2010

Posts in 11 February 2010

Valuation of Monetary and Non-Monetary perquisites for financial year 2009-10

February 11, 2010 40019 Views 0 comment Print

Where on account of the transfer of an employee from one place to another, he is provided with accommodation at the new place of posting while retaining the accommodation at the other place, the value of perquisite shall be determined with reference to only one such accommodation which has the lower value for a period not exceeding 90 days and thereafter the value of perquisite shall be charged for both such accommodation.

One illegality cannot justify another

February 11, 2010 834 Views 0 comment Print

If an appointment is made illegally or irregularly, the same cannot be the basis of further appointment. An erroneous decision cannot be permitted to perpetuate further error to the detriment of the general welfare of the public or a considerable section of the public, the SC observed while allowing the appeal, Union of India vs Kartick Chandra Mondal. In this case, some persons who were casual employees working in a government department between 1981 and 1983 were ordered to be re-engaged by the administrative tribunal.

Customs Notification No 09/2010, Amends notification No.21/2002-Customs, dated 1st March, 2002

February 11, 2010 280 Views 0 comment Print

Notification No. 9/2010 – Customs- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002, namely :-

Last date for online empanelment application with C&AG of India is 15th February 2010

February 11, 2010 805 Views 0 comment Print

We would like to inform that the last date for online submission of form with the office of C&AG of India for getting empanelled for appointment as auditors of Government Companies/Corporations for the year 2010-2011 is 15th February 2010. Specified documents should be submitted with the O/o C&AG of India at the following address by 10th March 2010.

Expectation from budget on Excise duty front to sustain recovery

February 11, 2010 628 Views 0 comment Print

The term ‘input service’ (under Cenvat Credit Rules, 2004) has gone through its share of litigations and interpretations, with the trade knocking the doors of judiciary for much needed relief and justice. It is in the interest of the department and India Inc to bring in suitable amendments in the definition of input service, which could put an end to the litigations on this count.

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